Dream City Foundation

Organization Overview

Dream City Foundation, operating under the name Formerly Phoenix Dream Center Foundation, is located in Phoenix, AZ. The organization was established in 2012. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2022, Formerly Phoenix Dream Center Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Formerly Phoenix Dream Center Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Formerly Phoenix Dream Center Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Formerly Phoenix Dream Center Foundation has awarded 23 individual grants totaling $3,644,211. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE DREAM CITY FOUNDATION EXISTS TO HELP PEOPLE REACH THEIR DREAMS THROUGH (SEE SCHEDULE O) OUTREACH, THE ARTS, AND EDUCATION. RAISE AWARENESS AND FUNDS FOR HUMAN TRAFFICKING AND REHABILITATION. HELP RESCUE TRAFFICKED INDIVIDUALS AND GIVE THEM SKILLS NECESSARY TO BUILD A STRONG AND VIBRANT LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE SUPPORT OUTREACH ORGANIZATIONS SUCH AS PHOENIX DREAM CENTER, SHORT CREEK DREAM CENTER, AND STREETLIGHT WHO PROVIDE SERVICES TO THE HOMELESS, HURTING AND HELPLESS OF OUR COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Jeff May
President
$60,602
Brendon Zastrow
Secretary
$0
Kent Sexton
Treasurer
$0
Kristie Sexton
Director
$0
Warren Panico
Director
$0
Kathleen Panico
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$174,583
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,128,554
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,303,137
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$16,371
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,286,766

Grants Awarded

Over the last fiscal year, Dream City Foundation has awarded $984,369 in support to 8 organizations.

Grant RecipientAmount

CITY HELP INC OF PHOENIX DBA PHOENIX DREAM CENTER

PURPOSE: OUTREACH SUPPORT

$381,795

SHORT CREEK SOCIAL SERVICES

PURPOSE: GENERAL SUPPORT

$258,426

THE DREAM INSTITUTE

PURPOSE: GENERAL SUPPORT

$252,980

STREETLIGHTUSA

PURPOSE: GENERAL SUPPORT

$40,200

DREAM CITY SCHOOLS INC

PURPOSE: PLAYGROUND EQUIPMENT

$18,886

RAHMAN MINISTRIES INC DBA GOOD NEWS INDIA

PURPOSE: GENERAL SUPPORT

$8,592
View Grant Profile

Peer Organizations

Organization NameAssets
Scan Group
Long Beach, CA
-$129,841
The Scan Foundation
Long Beach, CA
$41,376,763
Latino Community Foundation
San Francisco, CA
$26,130,512
Bixby Knolls Towers Inc
Long Beach, CA
$17,315,064
Grand Canyon University Cityserve
Phoenix, AZ
$7,469,284
Tca Building Corporation
Colorado Springs, CO
$5,461,367
Direct Relief Foundation
Santa Barbara, CA
$10,115,405
Housing With Heart Inc
Irvine, CA
$3,996,603
Up Valley Family Centers Of Napa County
St Helena, CA
$3,631,934
Providence Trinitycare Hospice Foundation
Torrance, CA
$4,542,665
Del Harbor Foundation
Torrance, CA
$3,330,701
Hawaii Leadership Forum
Los Gatos, CA
$2,243,000
Barbara Sinatra Childrens Center Foundation
Rancho Mirage, CA
$1,252,973
St Lukes In The Desert Inc
Tucson, AZ
$1,363,121
University Retirement Community At Davis Foundation Inc
Davis, CA
$600,752
Olivewood Gardens & Learning Center Inc
National City, CA
$2,406,298
Dream City Foundation
Phoenix, AZ
$1,286,766
Community Hospice Foundation
Modesto, CA
$1,282,021
Childrens Home Of Stockton Foundation
Stockton, CA
$1,189,220
Abbey Road Inc
North Hills, CA
$1,772,813
Steps To Recovery Homes
Cottonwood, AZ
$1,084,019
Aht Foundation
West Jordan, UT
$1,961,135
The Endownment For Willits Seniors Inc
Willits, CA
-$40,278
Mckinley Home Foundation
San Dimas, CA
$1,694,182
Irish Cultural And Learning Foundation
Phoenix, AZ
$872,342

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